IMF: Prolonged high inflation dims outlook for world economy
The International Monetary Fund says the global economy's outlook has dimmed. Amid a high inflation rising interest rates and two big American bank failures. The situation remains fragile. Chief economist Pierre Olivier grenchen says the IMF has downgraded its global growth outlook below 3%. Downside risks dominate, saying the possibility of rising interest rates leading to recession has gone up sharply, especially in the world's wealthiest countries. Treasury secretary Janet Yellen sees it differently. I wouldn't overdo the negatives negative. Saying the global outlook is reasonably bright, and here at home. The U.S. economy is obviously performing exceptionally well. In a while, yelling is not expecting to downturn. Of course, that remains a risk. Sagar Meghani, Washington.